BankNifty Taking Support From Fibb Levels
Today market is extremely volatile. in such a volatile and bleeding market always follow FIBB
Banknifty after a severe crashhh of Straight 700++ points, taking support from FIBB levels 0.50 - 0.618 Levels
Upcoming Positional Target 49000
which is 2000 Points from CMP 47200
as you can see clearly from charts
Stocks has retraced more than 61.8% on monthly TF.
Also has tested long term support around 1130-1150.
Forming double bottom on daily charts.
one can enter above 1250. with 10% SL.
DISCLAIMER: For education purpose only, do your own analysis or consult your financial advisor before taking position.
In a smaller timeframe, TCS has given a breakout of rising wedge pattern and it may give some retracement and start with its up move. So we can keep it on the watch list for intraday if not for Wednesday then for Thursday.
